This is a guarantee offered by an entity or an individual that protects the extent of the alternative liability that arise from any non recourse carve out.
Latest Posts
Exchanger
This refers to the taxpayer or the actual owner of the investment property. They are looking to push through with a tax-deferred exchange. An exchanger, however, cannot be an owner who wishes to defer capital gains tax on a...
Base year
The base year is, more often than not, the first year of a commercial rental period that sets a standard for the amount tenants will pay for building expenses for each succeeding year. The base year is typically the first year of...
The Under Valuation of Investor Relations Best Practices and Tools
Hello. This is Richard Wilson, CEO of The Family Office Club. I’m coming to you from Downtown London today, so you can see behind me here and here, actually getting ready to host our Family Office Deal Flow Summit tomorrow...
Central Place Theory
This geographical theory accounts for the size, organization of settlements, distribution, establishments, and market areas in a competitive and interdependent residential system. It illustrates the differences in locational...
Disclosure
This is a revelation or the process of making a fact known when it was previously kept or hidden. For example, many states in the US require you to disclose major physical defects in whatever house you are putting up on the...
Credit report
Also referred to as a credit file, a credit report is an account of your credit history that is prepared by a credit bureau. It contains your credit history and personal history. Credit history details what you owe and to whom...
Functional Obsolescence
This is a form of accrued devaluation examined in the cost approach to market pricing. Functional obsolescence is the reduction of an item's desirability or functionality due to an outdated and/or poor design, new technology, or...
Earnest Money Deposit
This is an advanced deposit paid by the buyer to convey good faith to the seller. Earnest money is usually held in escrow until the transaction has been closed and all conditions have been fulfilled. It can be utilized to offset...
Dominant tenement
This is a piece of land or a property—a tenement, for example—that has the advantage of an easement. An easement is the right to use a portion of a neighboring property.
